News
Business boomed for RiIG in 2011, AGM told
Claims management company Resources in Insurance Group has told its Annual General Meeting attendees that the business has witnessed increasing levels of activity in the backdrop of the wet weather.
Holman succeeds Banks at Brightside
Arron Banks has resigned as chief executive of Brightside Group.
Multinationals jostle for acquisitions in south east Asia
The fight for a piece of south east Asia's insurance market is heating up as AIA Group, Manulife and Prudential PLC compete for mid-size acquisitions in the region totalling up to $1bn, according to a report by Reuters.
Insurers starting to embrace change but still a way to go, says PwC
PwC's global insurance leader outlined what successful insurers of the future could look like, and discussed the forces re-shaping the insurance sector, when he spoke at the 2012 International Insurance Society Seminar in Rio de Janeiro today.
FSA kept budget spending down, annual report reveals
The Financial Services Authority deliberately underspent on its annual budget as it was “very conscious of the need to control costs, particularly given the difficult environment that firms are operating in”.
Three in four people encouraged to claim compensation
The Association of British Insurers said that a survey has shown that three in four people have received an unsolicited text or phone call from a claims management company offering the chance to claim compensation.
Streamlined Aviva approach to free up regional underwriting opportunities
Aviva will invest in its corporate specialty business capability while freeing up underwriters to concentrate on targeting mid-market opportunities, in line with the firm’s regional strategy.
Lloyd’s chief calls for Eurozone fiscal unity
Lloyd's of London chief executive Richard Ward has stressed the importance of fiscal unity throughout the Eurozone after Greece voted to remain in the euro.
Fitch affirms Rossiya ratings after restoration of motor licence
Fitch Ratings has affirmed OJSC Rossiya Insurance Company's insurer financial strength at 'B-' and national IFS rating at 'BB-' and removed them from rating watch negative.
MEPs urge eCall to be mandatory by 2015
All new cars must be fitted with eCall devices by 2015 to alert the rescue services automatically to road crashes through the public 112 emergency call system, say MEPs in a resolution adopted jointly by the Internal Market and Transport Committees.
Insurance industry almost as innovative as technology and entertainment sectors
Insurance ranks high in business model innovation just behind technology, communications and entertainment, according to a PwC survey.
Aviva regional strategy leads to UK cutbacks
Aviva staff across the UK are expected to be rocked by job cuts following news of the second wave of the firm's regional strategy.
BGL hires former financial crime boss for counter-fraud role
BGL has appointed Martin Croucher, pictured, as senior counter-fraud manager.
Crawford makes string of new hires in SLS liability business
Crawford & Company's UK liability business SLS has recruited 11 experts.
ADNIC expands in Abu Dhabi
Abu Dhabi National Insurance Company has opened its latest branch in Abu Dhabi. Located on Salam Street, it is fully operational from today and will cater for all customers’ needs in the Emirate and Western region.
Talanx may rethink July IPO owing to market volatility
German insurance group Talanx is thought to be considering postponing its initial public offering slated for July, as market volatility continues following Greece's election, Reuters reported.
Local insurers return to Thailand flood market
Local insurers in Thailand are increasing their appetite for flood risk and reducing their dependence on the government's Catastrophe Insurance Promotion Fund, according to the fund's chairman Payungsak Chartsuthipol.
FM Global launches free nat cat toolkit
Commercial property insurer FM Global has launched an online resource for natural hazard planning to help businesses prepare for and protect against the growing risk of catastrophes.
Claims management firm RiIG wins PPI contract
Resources in Insurance Group has signed a £750 000 deal with a financial institution to handle Payment Protection Insurance claims.
Zeidler joins Capita to focus on strategic growth
Capita's insurance services business has appointed Phil Zeidler as divisional corporate development director.
Cloutier: Double Brit deal better for shareholders
The sale of Brit Insurance to run-off specialist Riverstone, two months after QBE acquired its renewal rights, sets up Brit Group to focus on developing its specialist and reinsurance operation and marks the "last major piece of restructuring", according…
Ferma plans formal certificate for European risk managers
The Federation of European Risk Management Associations is taking the first steps towards a pan-European certificate of professional competence for risk managers.
Rehabilitation First Awards 2012: Countdown has begun
With only two weeks to go before the entry deadline for the 2012 Rehabilitation First Awards draws to a close, now is the ideal opportunity to demonstrate how your efforts in this field are driving the industry forward as it continues to develop and…
New policy offers 'affordable' medical tourism
A new health insurance product claims to allow UK citizens to take advantage of the high-quality healthcare enjoyed by their European neighbours at significantly lower cost than most private medical insurance policies.